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At the time of writing, the Dogecoin price prediction shows that DOGE must break and close back above the $0.130 level, for further upside.
Dogecoin Prediction Statistics Data:
- Dogecoin price now – $0.127
- Dogecoin market cap – $16.9 billion
- Dogecoin circulating supply – 132.6 million
- Dogecoin total supply – 132.6 million
- Dogecoin Coinmarketcap ranking – #8
DOGE/USD Market
Key Levels:
Resistance levels: $0.200, $0.220, $0.240
Support levels: $0.100, $0.080, $0.060
According to the daily chart, DOGE/USD is seen trading at $0.127 after recording an intraday high of $0.129 during the European session today. Looking at the daily chart, Dogecoin (DOGE) has failed to follow in the footsteps of Bitcoin (BTC) as its margin of gains has been limited this time around. DOGE/USD is still above the 9-day and 21-day moving averages after recovering from the daily low of $0.115.
Dogecoin Price Prediction: DOGE Price Could Spike to the Upside
Since the beginning of this month, the Dogecoin price is expected to rise from this current high to $0.129 in the next one-week reason has been that the ongoing trend could move a little bit higher in the next positive movement. In the meantime, the Dogecoin price may move towards the upper boundary of the channel to touch the nearest resistance at $0.150.
Therefore, as the red line of the 9-day MA remains above the green line of the 21-day MA, the coin may continue to do well and the price could hit the resistance levels at $0.200, $0.220, and $0.240 respectively. Meanwhile, should the technical indicator decide to make a quick turn to the south, there may be a cross below the 70-level and the bearish drop may likely roll the market down to the support levels of $0.100, $0.080, and $0.060 as the Relative Strength Index (14) could move away from the overbought region.
When compares with Bitcoin, as the red line of 9-day MA is above the green line of 21-day MA, the market price focuses on the upward movement within the channel. DOGE/BTC is currently trading at 601 SAT and if the market continues to rise, the next key resistance may likely be at 900 SAT and above.
On the downside, a possible bearish movement towards the lower boundary of the channel may likely come into play, when this is done, the support level of 400 SAT and below could be visited. Meanwhile, the market may have a bullish day today because the Relative Strength Index (14) indicator remains within the overbought region, suggesting more bullish signals.
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